The Food Price Index increased 0.2 percent in July, as it did in June. The index for food at home rose 0.1 percent in July. Three of the six major grocery store food group indexes rose over the month, while the other three dropped during July. The meat, poultry, fish, and eggs index rose 0.7 percent, with eggs seeing the largest increase.
The cereals and bakery products index dropped by 0.5 percent, and so did the dairy and related products index. The food away from home index rose 0.2 percent in July after rising 0.4 percent in the prior two months. The index for food at home rose 1.1 percent during the last 12 months, while the index for food away from home rose 4.1 percent over the last year. The meat, poultry, fish, and eggs index had the biggest jump in the last year at three percent.
-NAFB